Streetbeat News

Stock Prices

CCO

Clear Channel Outdoor reported worse-than-expected Q2 financial results and issued Q3 revenue guidance below the consensus estimate, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:54 pm

NKLA

Nikola shares are trading higher following a dip on Friday due to an abrupt CEO transition and mixed second-quarter results. The stock is rebounding as investors regain confidence.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:51 pm

METX

Meten Holding Group Ltd. (NASDAQ:METX), a cryptocurrency mining company, has entered into subscription agreements with two foreign investors, Future Satoshi Ltd and an individual investor, for the issue and sale of 4 million ordinary shares at $0.25 per share, totaling $1 million. The company plans to use the proceeds to purchase additional mining machines to increase the computing power of its cryptocurrency mining fleet.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:51 pm

NNDM

Nano Dimension has announced a $227.5 million share repurchase plan, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:49 pm

BTCUSD

XRPUSD

Pro-XRP lawyer John Deaton expected Ripple's native token (XRP) to break $1 after a court ruling determined it is not considered security in certain circumstances. Despite a surge of over 75% in XRP following the ruling, it peaked at $0.84. The ruling was a significant development in the legal battle between Ripple and the SEC, which alleged that Ripple engaged in unregistered sales of XRP, considered by the agency to be a security. At the time of writing, XRP was trading at $0.61.

Portfolio Pulse from Mehab Qureshi

August 07, 2023 | 12:48 pm

BOTZ

NVDA

ROBT

Morgan Stanley strategist Edward Stanley warns that Nvidia Corp.'s (NASDAQ:NVDA) surge of over 200% in 2023 could indicate the peak of the AI stock bubble. AI ETFs such as the Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) and the First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) have shown more modest returns, rising 33% and 23% respectively.

Portfolio Pulse from Piero Cingari

August 07, 2023 | 12:48 pm

VRTV

Veritiv Corporation announced that it will be acquired by Clayton, Dubilier & Rice (CD&R). This news has led to an increase in Veritiv's share price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:47 pm

DNA

MRK

Ginkgo Bioworks Holdings (DNA) announced a collaboration with Merck & Company (MRK) to improve biologic manufacturing. Ginkgo will use its capabilities in cell engineering, multiplexed screening, protein characterization, and process optimization to increase production efficiency and yields. Ginkgo could receive up to $490 million in various payments. This is the second collaboration between the two companies.

Portfolio Pulse from Adam Eckert

August 07, 2023 | 12:44 pm

CRVUSD

Curve Finance (CRYPTO: CRV) has announced a reward of $1.85 million for information leading to the legal conviction of the individual or group behind the recent exploit of their system. A software glitch on July 30 caused the DeFi protocol to lose over $70 million in assorted digital currencies. The culprits exploited weak versions of the Vyper programming language, launching re-entrancy attacks on specific Curve liquidity pools. As of Monday, approximately 73% of the stolen funds, equivalent to around $52.3 million, have been returned. Curve's governance token has seen a decline of over 6% in the past week, currently trading at $0.61.

Portfolio Pulse from Murtuza Merchant

August 07, 2023 | 12:43 pm

MBRX

Moleculin Biotech, Inc. (NASDAQ:MBRX) has hired Shareholder Intelligence Services, LLC to investigate potential naked short selling of its stock. The analytics firm will provide data on share ownership, purchases, sales, and custody, as well as other information related to the company's public shareholders and market activity.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:43 pm